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Brokers have reiterated that the retail sector will continue to be a hard sell - Deutsche Bank analysts note that a slow recovery is expected as retail spending growth drops below trend. A significant issue for listed retailers has been the growth of on-line shopping and the fact that similar goods can be purchased at lower prices offshore. Deutsche sees logistics and retail real estate investment trusts (REIT) as more attractive investment, with increasing air travel a reason to hold Sydney Airports (ASX:SYD). Gaming is also an attractive subsector. (VIEW LINK)


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